https://4closurefraud.org/2012/10/16/reverse-mortgages-a-risky-lifeline-for-the-elderly-is-costing-some-their-homes/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Thu, 04 Dec 2025 17:46:54 +0000 hourly 1 https://wordpress.org/?v=7.0.4 https://4closurefraud.org/2012/10/16/reverse-mortgages-a-risky-lifeline-for-the-elderly-is-costing-some-their-homes/#comment-404064 Wed, 17 Oct 2012 05:18:42 +0000 https://4closurefraud.org/?p=54442#comment-404064 My mother in law did a reverse mortgage.Her son conned her into it so he could embezzle the money. To make a long story short the lawyer brought papers for her to sign. A big stack. She is functionally illiterate. I tell the lawyer she can not read. He could careless and continues anyway. She had 40k left to pay. She signed a note for 675K and only got 325 K. Not exactly sure how that works where yo sign a note and get about half of what you owe.

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